Buying your first property can be intimidating stuff. You’ve got to save that big deposit, find a lender you trust who’ll give you a good deal, learn the lingo and compete against other people who might have their eye on your dream home.

But it can be even tougher when you add on extra costs like stamp duty and loan fees.

The team at finder.com.au have crunched some numbers and worked out that with only a 5% deposit, purchasing an established home at the median dwelling price, the upfront cost could be double the size of the deposit.

With a national median dwelling price of $484,563, for an established home where stamp duty concessions are exempt, it would cost first home buyers $24,228 for a 5% deposit plus another $22,000 to $50,000 for stamp duty and lenders mortgage insurance, depending on the state – plus possible home loan fees.

The most expensive capital city for first home buyers to save in is Sydney, followed by Melbourne, then Canberra.

It’s better news if you’re in Hobart or Adelaide.

Waratah Estate Agents are Blacktown Real Estate Agents that focus in Western Sydney Real Estate. If you’re looking to sell your home, buy a home you can trust us in bringing you a great deal around the Western Sydney Region. To find out more about us visit our website